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SunOpta Inc., a North American supply chain solutions provider for beverages, broths and snacks, completed its US$1.1 billion enterprise value acquisition by Refresco, a global independent beverage solutions provider majority owned by KKR. The all cash transaction was completed by way of a court-approved plan of arrangement under the Canada Business Corporations Act, with SunOpta becoming a wholly-owned subsidiary of Refresco and delisting its shares from NASDAQ and the TSX.
Lazard served as financial advisor to SunOpta, with legal counsel provided by Faegre Drinker Biddle & Reath LLP and Davies Ward Phillips & Vineberg LLP. Scotiabank advised the SunOpta Special Committee, with Wildeboer Dellelce LLP providing legal counsel. Morgan Stanley & Co. LLC served as exclusive financial advisor to Refresco, while Simpson Thacher & Bartlett LLP and Bennett Jones LLP acted as legal advisors. Morgan Stanley Senior Funding, Inc. and KKR Capital Markets LLC provided committed financing for the transaction.
Parties
Company
SunOpta Inc.
Company
Refresco
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
$ 1,557,820,000Deal Status
ClosedClosing Date
01 May 2026